Advance interest charges


This query is : Resolved 

Quick Summary
This discussion explains how to record interest charges on salary advances within Tally accounting software. It provides specific journal entry examples for debiting the advance and crediting the bank/cash account, as well as for the interest charges themselves. A link to Tally's journal entry guide is also included for further assistance.

(Querist)
07 August 2023 How to tally entry, salary advance interest charges

RAJA P M (Expert)
07 August 2023 Dr. Salary Advance - Rs XXXXX To, Bank/Cash A/c - Rs. XXXXX

RAJA P M (Expert)
07 August 2023 Dr. Interest Charges A/c - XXXXX To, Bank A/c - XXXXX

20 August 2023 This may be useful https://tallysolutions.com/tally/journal-entries-in-tally-erp-9/#gref


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